NIORDC to Start Construction of $10b Petro-Refinery in Hormozgan 

The construction of Shahid Soleimani Petro-Refinery in Hormozgan Province will start by the end of spring with an investment of $10 billion, the director of the National Iranian Oil Refining and Distribution Company said.
“The facility will receive heavy and extra-heavy crude oil as feedstock. Refined products like gasoline constitute 70% of the products and 30% of its products will be petrochemicals, including various types of xylenes, polymers, butadiene and propylene. However, the refinery will not produce mazut,” Jalil Salari was also reported as saying by the Oil Ministry’s news service Shana.
“A consortium of petrochemical and refining holdings, as well as banks and funds, has been formed to finance the project. It will be built on 450 hectares in Bandar Abbas,” he added.